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Sunday, 16 May 10
INDIKA ENERGY & COAL ASSETS EXPANSION
Insider stories reported that, PT Indika Energy Tbk (INDY) has three portfolio coal assets, PT Kideco Jaya Agung, coal asset in East Kalimantan, and PT Santan Batubara.
In a public expose material submitted to Indonesia Stock Exchange, Indika owns 46% stakes in Kideco which has coal reserves of 579 million tons with concession area of 50,400 hectares. In Kalimantan Barat's coal asset, Indika controls 90% stakes at 34,200 hectares concession area.
Through PT Petrosea Tbk (PTRO), Indika owns 50% stakes in Santan Batubara with 264 million tons of coal reserves.
Kideco Expansion
At the end of March 2010, Kideco, Indonesia's third largest coal mining company, produced 6.9 million tons of coal with overberden removal of 44.8 million bcm. Kideco's strip ratio reached 6.49.
Kideco has bought equipments such as dumptrucks, excavator, and the others. It has improved crushing plant and loading facilities. Kideco has initiated development of Samarangau pit which has the largest coal reserves at Kideco's concession area.
Samarangau is estimated to have coal resouces of 694 million tons and 348 million tons of coal reserves.
Santan Production
Santan Batubara is a joint venture between Petrosea, coal mining contractor acquired by Indika mid last year, and PT Harum Energy, a coal mine company owned by Indonesian tycoon Kiki Barki. Petrosea is responsible for coal mining contract and Harum Energy holds Santan's coal marketing.
Santan has commenced a commercial production in March 2009 by mining 1.25 million tons of coal. Santan has signed five contracts of overburden removal with Petrosea. The first productions this year and 2011 are estimated to obtain 2.5 million tons of coal annually.
In mrach 2010, Santan posted US$43.79 million in revenue and recorded 660,456 tons of coal in sales.
Santan has current production capacity of 200,000 tons per month in a bid to provide coals for customers in the local market, India, Korea, and others.
Source: Insider Stories
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Monday, 16 March 09
COAL MINER BUKIT ASAM RECORDS 135% GAIN IN NET PROFIT FOR 2008 - THE JAKARTA GLOBE
Indonesia's state-owned coal miner PT Tambang Batubara Bukit Asam Tbk said its net profit jumped 135 percent last year, having sold more coal at hi ...
Saturday, 14 March 09
NATIONAL ALUMINIUM TO IMPORT COAL NEXT MONTH TO EASE SHORTAGE - BLOOMBERG
Bloomberg reported that, National Aluminium Co., India’s biggest alumina maker, plans to import as much as 150,000 metric tons of coal next mo ...
Friday, 13 March 09
VIETNAM APPROVES TWO COAL-FIRED POWER PLANTS TO MEET DEMAND -THANHNIENNEWS
Thanhnien News reported that, The government has approved a proposal to build two 2,400-megawatt coal-fired power plants in the provinces of Nam Din ...
Friday, 13 March 09
INDONESIAN STATE-RUN COMPANIES PROFIT MAY FALL 10% THIS YEAR -THANHNIENNEWS
Tanhnien news reported that, Indonesian state-run companies’ profits may fall about 10 percent this year as commodity prices decline, cutting ...
Thursday, 12 March 09
INDONESIA'S CIREBON ELEC IN TALKS ON COAL SUPPLIES - REUTERS
Reuters reported that, Indonesia's PT Cirebon Electric Power, an independent power producer, is in talks with a number of coal suppliers to seek a ...
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- ASAPP Information Group - India
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Planning Commission, India
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
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